Price for Food Preparations Not Elsewhere Specified or Included in Finland - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Finland (CIF) - 2023
- Price for Food Preparations Not Elsewhere Specified or Included in Finland (FOB) - 2023
- Imports of Food Preparations Not Elsewhere Specified or Included in Finland
- Exports of Food Preparations Not Elsewhere Specified or Included in Finland
Price for Food Preparations Not Elsewhere Specified or Included in Finland (CIF) - 2023
In November 2023, the average import price for food preparations not elsewhere specified or included amounted to $6,226 per ton, reducing by -3.5% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 29% m-o-m. As a result, import price reached the peak level of $7,174 per ton. From July 2023 to November 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Poland ($10,635 per ton), while the price for Thailand ($1,693 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Poland (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Finland (FOB) - 2023
The average export price for food preparations not elsewhere specified or included stood at $5,483 per ton in November 2023, which is down by -7.9% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 15% against the previous month. The export price peaked at $6,541 per ton in May 2023; however, from June 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Italy ($13,142 per ton), while the average price for exports to Sweden ($3,838 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Food Preparations Not Elsewhere Specified or Included in Finland
In 2022, supplies from abroad of food preparations not elsewhere specified or included was finally on the rise to reach 46K tons after two years of decline. In general, imports, however, showed a relatively flat trend pattern.
In value terms, imports of food preparations not elsewhere specified or included fell to $242M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 5.4% against the previous year. As a result, imports attained the peak of $257M, and then dropped in the following year.
| Import of Food Preparations Not Elsewhere Specified or Included in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 46.6 | 62.6 | 67.8 | 67.2 | 13.0% |
| Netherlands | 23.9 | 26.7 | 30.6 | 34.3 | 12.8% |
| Germany | 35.9 | 28.5 | 27.6 | 25.4 | -10.9% |
| Denmark | 24.1 | 30.4 | 32.8 | 14.5 | -15.6% |
| Estonia | 10.4 | 10.7 | 10.9 | 10.6 | 0.6% |
| Italy | 9.7 | 9.0 | 9.8 | 10.2 | 1.7% |
| France | 4.8 | 4.8 | 8.3 | 7.9 | 18.1% |
| Slovakia | 7.2 | 5.7 | 5.8 | 7.3 | 0.5% |
| Belgium | 8.4 | 5.1 | 5.4 | 6.8 | -6.8% |
| Poland | 9.7 | 6.9 | 5.8 | 6.1 | -14.3% |
| United Kingdom | 10.7 | 7.9 | 5.5 | 5.1 | -21.9% |
| Thailand | 1.9 | 1.7 | 1.7 | 2.9 | 15.1% |
| Others | 48.2 | 43.4 | 44.7 | 43.8 | -3.1% |
| Total | 241 | 243 | 257 | 242 | 0.1% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Finland in 2022:
- Sweden (18.2K tons)
- Germany (6.2K tons)
- Netherlands (5.1K tons)
- Estonia (3.3K tons)
- Denmark (2.0K tons)
- Belgium (1.6K tons)
- Thailand (1.4K tons)
- Italy (1.3K tons)
- Slovakia (1.2K tons)
- Poland (0.8K tons)
- France (0.8K tons)
- United Kingdom (0.4K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Finland
In 2022, approx. 10K tons of food preparations not elsewhere specified or included were exported from Finland; growing by 52% on the previous year's figure. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 1,641%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of food preparations not elsewhere specified or included totaled $54M in 2022. In general, exports showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 1,581%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Food Preparations Not Elsewhere Specified or Included in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 0.4 | 0.8 | 21.4 | 24.2 | 292.6% |
| Estonia | 0.2 | 0.2 | 3.9 | 5.2 | 196.2% |
| Russia | 0.1 | 0.1 | 8.2 | 3.5 | 227.1% |
| Latvia | N/A | N/A | 2.0 | 2.3 | 15.0% |
| Netherlands | 1.1 | 1.2 | 2.7 | 2.2 | 26.0% |
| Germany | 0.1 | 0.3 | 0.8 | 1.6 | 152.0% |
| Lithuania | N/A | N/A | 1.2 | 1.4 | 16.7% |
| Others | 0.6 | 0.5 | 12.7 | 14.2 | 187.1% |
| Total | 2.5 | 3.2 | 53.0 | 54.5 | 179.4% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Finland in 2022:
- Sweden (6.8K tons)
- Estonia (0.8K tons)
- Russia (0.5K tons)
- Netherlands (0.4K tons)
- Latvia (0.3K tons)
- Lithuania (0.2K tons)
- Germany (0.2K tons)
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